Corporate Synergies

AUGUST 19, 2019

They need help overcoming HSA challenges. Health savings accounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. From 2008 to 2018, the total amount deposited in HSAs rose from $5.3 Despite this, HSAs don’t appear to have accomplished their original intent. As Seen In.

Background screening 40

Background screening Planning Tools Payroll Wellness 40

Extensis

JULY 13, 2023

Preferred provider organization (PPO) plans are the most common type of health plan offered (82%), though high-deductible health plans (HDHPs) linked to a health savings account (HSA) have increased in popularity to 64%. Yet, health benefit plans aren’t necessarily limited to these traditional structures.

Employee Benefits 77

Employee Benefits Survey Planning Tools Hiring Software 77

Flimp Communications

SEPTEMBER 30, 2020

These quick and easy-to-use evaluation tools are available in both English and Spanish and can be combined to provide powerful, unbiased benefits decision support for employees, helping to lower healthcare costs and free up limited HR support resources. Unbiased: No benefit plan is promoted over another, ensured by the proprietary algorithm.

Assessment Software 76

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Tango Health

SEPTEMBER 1, 2021

This is a tangible way to support your employees’ well-being that can ultimately contribute to retaining top talent. We recommend choosing two campaigns to promote during open enrollment season to make your benefits communications stick. Focus on driving action with critical communications for programs with limited enrollment windows.

Planning Tools 69

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Zenefits

OCTOBER 20, 2021

Review usage rates, costs, and availability of additional perks or programs you will offer throughout the enrollment period — such as wellness programs, commuter benefits, FSA, HSA, etc. We recommend staying in constant communication with employees to help ensure all employees elect or decline coverage. After coverage begins .

HR Planning 78

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Zenefits

JANUARY 4, 2021

Mercer recommends that employers: Review their paid sick, vacation, disability, and family/parental leave programs. HSA, HRA, and FSA developments. Joining paid leave on Mercer’s top 10 compliance list are health savings accounts (HSAs), health reimbursement arrangements (HRAs), and flexible spending accounts (FSAs).

HR Software 69

HR Software Payroll Compliance HR Planning 69

Thrive Global

MARCH 1, 2022

If your company’s 401(k) offers a matching contribution, focus on putting enough in the plan to get that full match. The IRS sets an annual limit for how much you can save in your 401(k) plan. Not sure what to do, or what comes next? Here are some suggestions. Don’t leave money on the table. Pay down high-interest debt. Keep saving.

Planning Tools 28

Planning Tools Assessment Software Retirement Compliance 28

Benefit Resource Inc.

NOVEMBER 13, 2018

It outlines the specific features and limits of your plan. When updating your playbook, be sure to look at the following: Plan limits and employer contributions (if applicable). Medical FSA, Limited FSA, HSA, HRA). Eligibility requirements. Plan end requirements (e.g. Extended Grace Period and FSA Rollover ).

Planning Tools 40

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PlanSource

DECEMBER 10, 2018

While the IRS announced HSA changes in May, the agency only recently announced annual changes to FSAs and 401(k)s. From contribution limits to out-of-pocket amounts, Employee Benefit News has all the figures employers need to know for 2019. Brokers’ Roles Are Changing. See the top 4 voluntary benefits for 2019.

HR Planning 40

HR Planning HR Software Planning Tools BambooHR 40

PlanSource

JUNE 13, 2019

Many large industries , including health care, hospitality and retail require employees to be on the go or in the field, which can vastly limit the time they spend on traditional desktop devices. Video is a natural fit for benefits education and is one of our top recommendations for companies that don’t currently have video assets. .

HR Software 40

HR Software Planning Tools How To Compliance Training 40

PlanSource

AUGUST 7, 2019

For example, if an employer is introducing something like an HDHP with an HSA, an employee is more likely to review the new plan(s) and reconsider their options. This can be a challenge for small teams or organizations with limited resources. We typically recommend an active enrollment each year. Cons of Active Enrollment.

Planning Tools 40

Planning Tools Assessment Software HR Software Strategy 40

ForUsAll

MAY 8, 2019

Roth: Whether or not your plan allows roth contributions. Employer Contributions: Whether or not your plan offers employer contributions, such as matching contributions or profit-sharing. Vesting: When employees gain ownership over employer contributions (this is referred to as a vesting schedule).

Planning Tools 76

Planning Tools HR Software Retirement Guidelines 76

Tango Health

OCTOBER 28, 2019

And other times, informing your employees involves HSA education. Healthcare Savings Accounts (HSAs) provide several benefits for employees with HDHPs. However, there’s a good chance your workforce holds a least one misconception about having an HSA. Myth #1: I must pre-fund an HSA to get the tax break.

eBook 40

eBook Payroll Screening Examples 40

Tango Health

AUGUST 29, 2019

From making 401(k) contributions to helping employees open their HSAs , employers play an important role in offering support for employee financial wellness during retirement. However, we also recommend combining these findings with internal research on your employee population. Something Tango Decision Assist provides) 2.

Retirement 42

Retirement Wellness Survey Planning Tools 42

PlanSource

OCTOBER 16, 2019

Q: How much does my employer contribute to insurance/benefits costs? Q: What is out-of-pocket limit? Q: What is a Limited Purpose FSA (LPFSA)? Q: What is the difference between an HRA, HRP, HSA, and FSA? . Q: How much can I contribute to my HSA? . Q: How much can I contribute to my FSA?

Employee Benefits 40

Employee Benefits Planning Tools HR Software HR Planning 40

Tango Health

MAY 28, 2020

We recommend: Calendar tool: Invest in a calendaring tool that allows employees to book time slots with your HR staff. Second, employees will see a specific length of the session, allowing them to prioritize their questions and respect the time limit. Learn How and When to Calculate Benefits Decision Support ROI.

Planning Tools 53

Planning Tools HR Software HIPAA Video Recruiting 53

Zenefits

JUNE 16, 2022

Each has specific guidelines and limits of use, and several updates have been made over the decades. Because the funds are pretax dollars, businesses save 7.65% on tax and FICA contributions for every dollar deposited into the accounts. Their payroll tax is reduced for every dollar they contribute to their FSA. Any of the above.

HR Software 41

HR Software Payroll Hiring Software Planning Tools 41

Namely

MARCH 24, 2015

In Part One, we will explore: What kind of coverage to offer and to whom Considerations regarding deductibles and your contribution Part Two will cover: What benefits technology you should use How to implement the enrollment and communication periods As MetLife’s “12th Annual U.S. Determine deductibles and your contribution.

Employee Benefits 40

Employee Benefits Company Planning Tools Hiring Software 40

Paychex WORX Blog

AUGUST 20, 2021

We also added some more robustness around waiver management and incorporated additional proration options to the HSA products. This is currently limited to medical, dental and vision coverages and more will be added soon. They can also specify deduction codes for either employee or employer contributions.

Productivity 52

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HR Morning

AUGUST 30, 2019

For wellness programs that include a health screening, employers might need to evaluate the need for any design changes because of the removal of the EEOC’s incentive limit rules. All non-grandfathered plans and related plan documents need to be modified to reflect the latest recommendations and guidance on preventive care from the U.S.

Compliance 97

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BerniePortal

FEBRUARY 20, 2020

Job descriptions happen to be the book’s first recommendation around matching workers to tasks they’re best suited for. When job descriptions went online, they were no longer limited by space. Ability to positively contribute to a mutually respectful work environment. 401(k) with 3% employer contribution.

Hiring Software 52

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HR Daily Advisor

AUGUST 22, 2017

In the area of heath savings accounts (HSAs), there could be “HSA-friendly” administrative changes “[S]uch as to clarify that certain chronic care services are within the scope of preventive care, thus allowing the plan to pay for such services before the deductible is met,” noted Carolyn Smith, an attorney with Alston & Bird LLP.

Planning Tools 43

Planning Tools HR Software Report Compliance 43